Íslandsbanki debuts in euros as Arion suspends euro deal

By Kathleen Gallagher
08 May 2014

Íslandsbanki sold its inaugural euro bond with a €100m private placement this week, in contrast to Icelandic peer Arion Bank’s suspension of its planned public benchmark euro deal last week.

Íslandsbanki placed a €100m two year note through Deutsche Bank on Wednesday. It pays a coupon of 3% and the issue price was undisclosed.

The deal was bought by a group of continental European investors.

The borrower increased its global medium term note programme to $275m from ...

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